Question: Most Solutions, Incorporated, issued 1 3 % bonds, dated January 1 , with a face amount of $ 5 4 0 million on January 1

Most Solutions, Incorporated, issued 13% bonds, dated January 1, with a face amount of $540 million on January 1,2024. The bonds mature in 2034(10 years). For bonds of similar risk and maturity the market yield is 15%. Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June 30 and December 31. Most recorded the sale as follows:
January 1,2024
General JournalDebitCreditCash (price)484,947,999Discount on bonds (difference)55,052,001Bonds payable (face amount)540,000,000
Required:
What would be the amount(s) related to the bonds that Most would report in its statement of cash flows for the year ended December 31,2024?

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